Announcement • Jul 22
Strathmore Plus Uranium Corporation Begins 5,000ft Summer Drill Program At Beaver Rim Strathmore Plus Uranium Corporation announced their exploration drill program at the Beaver Rim Project in the Gas Hills Uranium District of Wyoming, will begin Monday, August 3, 2026. The Gas Hills uranium district is the largest producing region in the state, with production of over 111 million pounds. Strathmore's drill program will consist of 5 holes totaling 5,000 ft on the western extent of the Company's Property in the West Diamond claim group. These claims and the drill targets lie immediately south and adjacent to Cameco's fully permitted Gas Hills in-situ recovery project, where they report combined measured and indicated resources of 13.3 million pounds (4.745 million tons @ 0.14% eU3O8; Cameco's December 31, 2025, Annual Report). In 2012, Strathmore Minerals completed exploration drilling on lands currently controlled by the Company's West Diamond claims, with 12 holes drilled that encountered multiple roll front deposits across the extent of the 300-foot-thick mineralized arkosic-rich sands of the Eocene Wind River Formation. The results of this previous drilling will help target Strathmore's current drill plan, which intends to begin exploration near the previously drilled hole WDS-10 complete in 2012. WDS-10 encountered three separate mineralized roll-fronts over a 120+ thick zone. The following drill results highlight the uranium encountered during Strathmore Minerals 2012 drill campaign: HOLE ID Easting (NAD83 WYWest-central) Northing (NAD83 WYWest-central) Depth Thickness Grade %eU3O8 WDS-03 227880 381540 1755.5 3.5 0.0247 6550 0.0177 73.5 0.0147 84.5 0.0280 66.5 0.022 WDS-06 228320 381700 8922 0.022 9053 0.027 WDS-08 228320 381740 3889 1 0.012 9063 0.016 9208 0.02 WDS-09 227964 381860 61,022.5 4.5 0.057 WDS-10 228357 381764 822.5 4.5 0.015 834.5 0.029 860.5 1.5 0.012 905.5 3 0.013 911.5 4.5 0.046 9333 0.016 9448.5 0.015 All the holes were drilled vertically, and with geological units that are essentially flat lying, the intercept widths are interpreted to be true thicknesses. The Beaver Rim project consists of 278 wholly owned mining claims totaling 5,744 acres. The Gas Hills uranium district is the largest historical producing region in the state, with production of approximately 111 million pounds of uranium between 1954 and 1987. The Beaver Rim area to the south was previously explored by American Nuclear in the 1970s, Cameco in the 1990-2000s, by Strathmore Minerals in 2012, and mostly recently by the Company in 2024, where uranium mineralization was encountered at depths of 700-1,100 feet, contained in stacked, Wyoming-type roll front deposits within arkosic-rich sandstones of the Eocene-age Wind River Formation. Announcement • Jun 24
Strathmore Plus Uranium Corporation Announces Exploration Drill Program at Beaver Rim Project Strathmore Plus Uranium Corporation announced plans for a 5-hole exploration drill program on the Beaver Rim project in late July totaling 5,000 feet. Exploration is planned for the West Diamond area. Previously, in 2024, the Company drilled the eastern extent of the Project area, the Sage claims, where uranium was encountered. The Beaver Rim project lies immediately south and adjacent to Cameco's fully permitted Gas Hills in-situ recovery project, where they report 13.3 million pounds of mineral resources. In 2012, while part of the first Strathmore, the area that is now the West Diamond claims was explored. A dozen holes were drilled, and multiple zones of mineralization were encountered across the 300-foot-thick sands. The plan is to return to this area and extend and expand the area of known mineralization, especially that which is noted to trend south from Cameco's property. Beaver Rim has exploration potential for discovery of new, large uranium deposits like those previously mined or currently delineated in the Gas Hills. The Beaver Rim project consists of 278 wholly owned mining claims totaling 5,744 acres. The Gas Hills uranium district is the largest producer in the State of Wyoming; more than 100 million pounds of uranium was mined. Historical and recent reports suggest 50-100 million pounds of uranium remain in the Gas Hills, with significant discovery potential in the lesser drilled areas to the south, notably atop Beaver Rim. The project area was previously explored by American Nuclear in the 1970s, Cameco in the 1990-2000's, by Strathmore Minerals in 2012, and mostly recently by the Company in 2024, where uranium mineralization was encountered at depths of 700-1,100 feet, contained in stacked, Wyoming-type roll front deposits within arkosic-rich sandstones of the Eocene-age Wind River Formation. The technical information in this news release has been Reviewed and Approved on behalf of the Company by Terrence A. Osier, P.Geo., Vice President of Exploration for Strathmore Plus Uranium, and a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects. This news release also refers to neighboring properties in which Strathmore Uranium has no interest, and the Qualified Person has been unable to verify the information from those properties. Mineralization on those neighboring properties is not necessarily indicative of mineralization on the Beaver Rim Property. New Risk • May 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 22% per year over the past 5 years. Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$10.2m market cap, or US$7.44m). 
